Overfishing along the coastline of Helsking village led the government to impose a fee on the boats used for fishing.The fisherman were charged $50 on each boat they sent out for fishing.The following table shows the total pounds of fish caught per hour and the number of boats used for fishing. Table 13.2

- Refer to Table 13.2.Suppose fish sells for $1 per pound.If each fisherman decides whether or not to fish based on the average catch,what is the profit that each fisherman earns?

Question

Overfishing along the coastline of Helsking village led the government to impose a fee on the boats used for fishing.The fisherman were charged $50 on each boat they sent out for fishing.The following table shows the total pounds of fish caught per hour and the number of boats used for fishing. Table 13.2

- Refer to Table 13.2.Suppose fish sells for $1 per pound.If each fisherman decides whether or not to fish based on the average catch,what is the profit that each fisherman earns?

Quizplus · Accepted Answer

If each fisherman decides based on the average catch and the fish sells for $1 per pound, the profit is zero because the cost of fishing equals the revenue from selling the fish.

Overfishing Along the Coastline of Helsking Village Led the Government